EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Oct. 03, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The reconciliation of the numerator and denominator used for the computation of basic and diluted earnings per common share is as follows (in thousands, except per share data):

	Three Months Ended				Nine Months Ended
	October 3, 2020		September 28, 2019		October 3, 2020		September 28, 2019
Numerator for Basic and Diluted Earnings Per Common Share
Net income (loss) applicable to common shares	$	30,028	$	24,790	$	(484,658)	$	(17,320)
Denominator for Basic and Diluted Earnings Per Common Share
Weighted average basic number of common shares outstanding	125,100		125,557		125,655		125,526
Common stock equivalents:
Employee stock options	189		1		—		—
PSUs and Performance Share Awards	—		—		—		—
Weighted average diluted number of common shares outstanding	125,289		125,558		125,655		125,526
Basic income (loss) per common share	$	0.24	$	0.20	$	(3.86)	$	(0.14)
Diluted income (loss) per common share	$	0.24	$	0.20	$	(3.86)	$	(0.14)
Incentive Plan securities excluded from dilution(1)	2,146		5,189		3,338		4,974

(1)Represents securities not included in the computation of diluted earnings per common share because their effect would have been anti-dilutive.